Bitcoin Drops Below $104,000: Expert Warns of Potential Bear Market

Bitcoin saw a significant price drop this past weekend, falling below $104,000 on Friday, October 17th. This marked the beginning of an extreme bearish trend for the market, which has many analysts concerned about the future of Bitcoin’s bull cycle. Crypto trader Dr. Profit issued a warning that more losses are likely on the horizon, calling this “extreme fear.” His analysis is based on key price levels and market psychology. 0 He argues that Bitcoin’s dip below $101,700 will confirm a bear market and silence lingering bull sentiment.